New Zealand King Salmon Investments Ltd. (AU:NZK) has released an update.
New Zealand King Salmon Investments Limited (NZKS) has issued 4,889,679 Performance Share Rights (PSRs) with no cash consideration, which will convert to ordinary shares if specific performance targets are met by 2026 or 2027. These PSRs are part of an incentive plan and will only become exercisable if NZKS’s total shareholder return outperforms the median of the NZX50 index, excluding banks. The performance hurdles set a linear scale for eligibility, with full conversion at or above the 75th percentile, and the PSRs will lapse if performance criteria are not met or employment is terminated under certain conditions.
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